Wills and trusts are essential components of estate planning, each serving distinct purposes. A will outlines how your assets will be distributed after your death and appoints an executor to manage your estate. In contrast, a trust can provide more control over when and how your assets are distributed, potentially avoiding probate. Understanding the benefits and limitations of each option is crucial for making informed decisions about your estate plan. Consulting with an estate planning attorney can help tailor your plan to your specific needs.

Published On: September 10, 2024Categories: Estate Planning, Wills and Trusts
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